Ant’s IPO is a ‘sign of the times’ and ‘not an isolated case’

first_imgI believe the Chinese government stepped in because they realized that they had to regulate these companies, so that they don’t … get too big. Ant operates Alipay, which is one of China’s most popular mobile payment systems. It is also provides everything from wealth management to micro loans, and sells financial technology to enterprises.But the fintech firm’s IPO, which would have been the biggest ever, was pulled at the last minute after Chinese authorities said there were “major issues” with the listing. “As you know, that sector in China has grown by leaps and bounds,” he said. “And now I believe the government is realizing that they cannot let this get out of control, because it’ll jeopardize the entire financial structure.”Changing world of paymentsSpeaking on the same panel, Douglas Flint, chairman of asset manager Standard Life Aberdeen, said the Ant IPO suspension indicated a need for central banks and regulators to have control of financial stability.He highlighted how many of today’s payments, money transmissions and investments had gone online.“While that is good for consumers and good for competition and good for lowering the cost of intermediation, I think that regulators and policymakers are beginning to get nervous given the scale of dominance that could happen,” he said. “I think there’s a financial stability issue that caused the cause the IPO to be pulled back.” The suspension of Ant Group’s initial public offering (IPO) is a sign of the times, according to veteran investor Mark Mobius, who is the founder of Mobius Capital Partners. Ant, an affiliate of Jack Ma’s Alibaba, was all set for a $34.4 billion dual listing in Shanghai and Hong Kong last Thursday.- Advertisement – While China appears to have concerns about some companies getting too big, it is keen to rapidly scale others in different industries.Fiona Frick, CEO of asset manager Unigestion, said on the same panel that China wanted to become “more independent” in certain sectors of tech, naming the semiconductor industry as one example.  Going forward, she said her firm was more positive on emerging markets, especially in Asia, than it was on Europe. “They’ve been managing their Covid crisis much better than us,” she said, adding that she’s particularly positive on tech in these countries.center_img – Advertisement – “The Chinese government is waking up to the fact that they cannot allow these companies that dominate a particular sector and particularly the financial sector,” said Mobius on a virtual panel at CNBC’s East Tech West conference.“I believe the Chinese government stepped in because they realized that they had to regulate these companies, so that they don’t … get too big,” he said, adding that other emerging markets have the same concerns. “A lot of it is related to privacy and other factors.”Asked if he thinks Ant is an isolated case, Mobius said “definitely not” and warned that the Chinese government may look to regulate the technology industry further.- Advertisement – – Advertisement –last_img read more

Think you know how to wash your hands? Doctors say use this method at 9 specific times

first_imgThe Association of Indonesian Emergency Doctors (PDEI) has released a practical guide for proper hand washing according to the international standard to help the public counter the threat of the novel coronavirus disease (COVID-19).“The public should keep calm, stop panicking and stay alert. The most important thing is to maintain the body’s immunity and hygiene, as well as to keep a safe distance from the sick,” PDEI chief Mohammad Adib Khumaidi said in a release made available to The Jakarta Post on Tuesday. Topics : Read also: The dos and don’ts of wearing masks in our fight against COVID-19Quoting the Disease Control and Prevention (CDC) organization, the PDEI suggested people wash their hands at these times:Before, during and after cooking or preparing food.Before eating.Before and after taking care of sick people.Before and after taking care of open wounds or blisters.After using the bathroom or toilet.After changing diapers or cleaning children in the toilet.After touching animals, feeding animals or cleaning up animal feces.After touching animal food.After touching garbage or throwing out garbage.In addition to those times, the PDEI recommends people wash their hands before and after using contact lenses, after sneezing, coughing or wiping off nasal mucus and after shaking hands with other people.Adib said washing hands with soap was the best way to eliminate germs from the hands. Read also: Panic buying hits Jakarta supermarkets as govt announces first COVID-19 casesIf you are in a place without water or soap, use alcohol-based hand sanitizer gel. Hand sanitizers in the form of a gel are effective at eliminating germs but do not kill all types of bacteria.Adib shared a detailed guide for effective hand washing:Wet your hands with running water, turn off the tap, and then apply an adequate amount of soap to your hands.Scrub your hands. Make sure to scrub between your fingers, the back of your hands and the skin under your nails.Join your fingers and your palm, and scrub the inner side of your hands.Place your left fingers on the back of your right hand and scrub – and vice versa.Scrub the left thumb using your right hand with a rotating move – and vice versa.Wash your hands for 20 seconds.Rinse your hands with running water.Dry your hands with a clean towel or air dry.If possible, turn off the faucet using your elbow or tissue paper to avoid touching germs on the knob.last_img read more

Henrikh Mkhitaryan will return to Arsenal from Roma unless Gunners lower asking price

first_imgHenrikh Mkhitaryan will return to Arsenal from Roma unless Gunners lower asking price Comment Henrikh Mkhitaryan does not want a return to Arsenal, but he might still get it (Picture: Getty)Arsenal will be getting Henrikh Mkhitaryan back from his loan spell in Roma this summer, unless they reduce their £20m asking price.The Armenian is on loan at the Serie A club and is keen to make the move permanent after his unsuccessful spell in north London.Roma also want to sign the play-maker on a permanent deal, but are not willing to pay £20m for the 31-year-old, whose contract expires at Arsenal in the summer of 2021.The Gunners are going to have to reduce their demands or find another buyer for Mkhitaryan to offload him this summer, which they want to do as manager Mikel Arteta does not see him in his future plans, reports the Sun.AdvertisementAdvertisementADVERTISEMENTLast month, Roma reportedly made a bid of £8.5m to make the move permanent, which was rejected, so the clubs will have to meet in the middle to secure an agreement.The former Manchester United man has made just five Serie A starts this season for Roma, coming off the bench five more times, but he has scored four league goals in that time.Mkhitaryan started and scored in Roma’s last outing, a 3-2 home defeat to Bologna last Friday as their poor run of results continues.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityPualo Fonseca’s side have lost three and drawn one of their last four outings and have dropped to fifth in Serie A as a result.The 31-year-old is certainly keen to stay in the Italian capital, though, much preferring it to life at the Emirates.‘Arsenal made me promises at the beginning of the season but after just two weeks those promises weren’t kept,’ Mkhitaryan told Vivaro News.‘So when my agent called me to propose the idea of joining Roma, I didn’t think twice. I didn’t even discuss finances. I wasn’t fitting so well in English football so I thought a change would be good.‘I no longer felt happy and from day one there have been no regrets about joining Roma, where I have really felt the appreciation of the supporters and the club.’MORE: Arsenal manager Mikel Arteta reveals Gabriel Martinelli’s greatest attributeMORE: Arsenal manager Mikel Arteta reveals Gabriel Martinelli’s greatest attribute Advertisementcenter_img Advertisement Phil HaighTuesday 11 Feb 2020 7:45 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link5.2kShareslast_img read more

Senior players at Barcelona ‘totally against’ Pochettino as new manager

first_img Even important figures behind the scenes are encouraging president Josep Bartomeu to look elsewhere. It is claimed how the club and manager have remained in contact since January and Pochettino even had dinner with Bartomeu last month. Pochettino’s loss could be Xavi’s gain with the former midfielder touted for a return to his boyhood club. There are serious concerns that the size of the job would come too soon for Xavi who still has a year left on his contract managing in Qatar. read also:Messi now ready to leave Barcelona That could open up a shock move for Thierry Henry who has emerged as another candidate for the job. The Frenchman is currently managing Montreal Impact in MLS, having endured a dreadful stint at AS Monaco in the 2018-19 season. Other potential candidates include Ronald Koeman, Leeds boss Marcelo Bielsa and Roberto Martinez. FacebookTwitterWhatsAppEmail分享 Mauricio Pochettino may have talked himself out of the Barcelona job with senior players “totally against” his appointment. Chiefs at the fallen giants want the Argentine to rebuild the squad as they plan a huge restructure behind the scenes after their humiliating 8-2 defeat to Bayern Munich. Current boss Quique Setien is technically still manager but the writing is on the wall for the beleaguered boss. Poch, 48, has been without work since his was sacked as Tottenham manager in November. But his previous comments about managing Barca appear to have come back to haunt him. The gaffer once said he’d rather work on a farm than manage at the Nou Camp because of his affinity with neighbours Espanyol. Pochettino made 318 appearances for their rivals as a player and later returned to the club as manager. The Argentine even labelled Barca legend Xavi “his enemy” three years ago after the Spaniard allegedly tipped Dele Alli for a move to Manchester United. AS report how Barca’s senior players like Lionel Messi, who have a huge influence on decisions at the club, refuse to bury the hatchet. Loading… center_img Promoted Content18 Beautiful Cities That Are Tourist Magnets27 Breathtakingly Beautiful Albino Animals10 Most Praised Historical Movies8 Best Movies On Amazon Prime Video To Stream Right Now8 Things That Will Happen If An Asteroid Hits Earth7 Ways To Understand Your Girlfriend BetterWho Is The Most Powerful Woman On Earth?10 Awesome TV Series That Got Cancelled Way Too Soon6 Interesting Ways To Make Money With A DroneWhich Country Is The Most Romantic In The World?Birds Enjoy Living In A Gallery Space Created For Them7 Of The Wealthiest Universities In The Worldlast_img read more

Cahill: Drogba is back to his best

first_img He said: “In the last two games he is fully fit now, he’s looking sharp and dangerous – exactly like he was when he went. He was massive for us on Tuesday and he got a vital goal. “Who knows how long he can go on for? That’s for the club and Didier to decide but at this moment we’ve started the season well and he’s been a big part in that. “What a character he is off the pitch. Obviously Diego is playing the majority of the games but Didier is getting back to match sharpness. Loic (Remy) scored but came off so to get them all back fit and scoring goals is vital for us.” Drogba has scored 160 goals in two spells for Chelsea and won the league three times, four FA Cups and the Champions League in 2012 before he left that year. Costa is expected to be fit for Saturday’s Premier League visit of QPR after suffering with a virus and hamstring and groin problems, b ut Cahill insisted the nine-goal hitman is not guaranteed his place back following Drogba’s recent form. The centre-back said: “There are options, not just up front but all over the pitch. “We have turned up on Tuesday with some fresh legs and some of the lads who played (at Manchester United on Sunday) and we knew it was going to be a tough game but we grafted and showed character and got the right result in the end.” Chelsea will move nine points clear of Manchester City with victory against Rangers with third placed City hosting Manchester United at the Etihad on Sunday. The England defender also believes Diego Costa will find it hard to force his way back into Jose Mourinho’s side at Stamford Bridge. Drogba, 36, scored in Chelsea’s narrow 2-1 win at Shrewsbury on Tuesday to fire them into the quarter-finals of the Capital One Cup and team-mate Cahill believes the Ivory Coast star is on top form after his summer return following two years away. Gary Cahill has warned Chelsea’s title rivals that Didier Drogba is back to his best after scoring three goals in the last three games for the Barclays Premier League club. But Cahill said the leaders must not take three points for granted against second-bottom QPR. “We have a chance to get the right result and hopefully sit back and enjoy Sunday but it’s never easy, you have to prepare right, rest up and make sure we’re ready,” he said. “The onus is on us to be on the front foot, we need to prepare well and make sure we’re fully focused. “Last season we struggled at times against teams people thought we were going to beat. It’s never as easy as that.” Press Associationlast_img read more

Liverpool v Manchester United ratings

first_img Simon Mignolet: Had very little to do until picking the ball out of the net following Rooney’s fierce volley. Six (out of 10) Nathaniel Clyne: Had only a minimal impact on the attack and ploughed a shot into the stands after the break. 6 Press Association Kolo Toure: Looked solid against Wayne Rooney for most of the match even though the United captain is four years his junior. 7 Mamadou Sakho: Looked wobbly at times and should have tested David de Gea with a second half header. 5 Alberto Moreno: Got forward well and prevented Lingard from getting into the game. 6 Lucas Leiva: Enjoyed a running battle with Marouane Fellaini and protected the back four well. 7 Emre Can: Almost scored when he strode past Smalling and shot at De Gea. 7 Jordan Henderson: Desperately needs some shooting practice. Had three wayward efforts from long range and shot straight at De Gea in the 62nd minute. 5 James Milner: Offered little threat. 5 Adam Lallana: Weak header at De Gea in the 10th minute. 5 Roberto Firmino: Went close a couple of times and succeeded in drawing Daley Blind out of position a couple of times. 7 Substitutes: Jordon Ibe (on for Lallana, 76mins): Could not swing the game in Liverpool’s favour and lost Mata for the goal. 5 Christian Benteke (on for Toure, 81mins): Should have come on earlier to test Smalling and Blind. 5 Steven Caulker (on for Milner, 90mins): Thrown on to provide more height up top but it was too late to make a difference. 5 MANCHESTER UNITED David de Gea: Pulled off a fantastic double save to deny Firmino and Can in the second half. Deservedly awarded the man of the match award. 8 Ashley Young: Hobbled off with an injury towards the end of the first half after a challenge by James Milner. 6 Chris Smalling: Can strode past him with alarming ease and sometimes looked shaky, but played his part in keeping a clean sheet again. 6 Daley Blind: Needs to improve his crossing as his corners rarely beat the first man. Was pulled out of position chasing Firmino on occasion too. 6 Matteo Darmian: Put De Gea in danger with a poor backpass. Looked more comfortable when he switched to right-back. 6 Morgan Schneiderlin: Boyhood Liverpool fan was steady if not spectacular. 6 Marouane Fellaini: Looked in danger of getting sent off early on, but regained his composure and proved to be a nuisance all afternoon. Header rattled the bar before Rooney scored. 7 Jesse Lingard: The only United academy product in the starting XI had little impact. 5 Ander Herrera: Sliced a first-half chance wide and was largely ineffective. 5 Anthony Martial: Did not have a meaningful run at the Liverpool defence until first-half stoppage time but was a menace after the break. 7 Wayne Rooney: Quiet until he popped up with a clinical winner in the second half. Exhibited superb technique with his volley. 8 Substitutes: Cameron Borthwick-Jackson (on for Young, 41mins): A calm and assured presence at full-back. 6 Juan Mata (on for Lingard, 65mins): Provided cross that led to the goal. 7 Memphis Depay (on for Herrera, 71mins): Did little after being introduced: 6 LIVERPOOL last_img read more